India’s Enforcement Directorate, which works on probing financial crimes, announced Friday (Aug. 12) that it has frozen assets worth around 3.7 billion rupees ($46.4 million) from crypto exchange Vauld. In its statement, the Directorate said authorities are looking into wallets held by Flipvolt, the legal...
The latest round of insolvencies in the crypto lending crisis has extended to Southeast Asia, where cryptocurrency exchange Zipmex froze withdrawals and Singapore-based lender Vauld revealed the extent of its losses. While a number of other crypto lenders, including Voyager Digital, Celsius Network and Babel...
Nexo, the cryptocurrency lender, said it plans to buy troubled fellow lender Vauld, showing how a consolidated crypto industry might look, Reuters wrote Tuesday (July 5). Nexo will be buying 100% of Singapore-based Vauld and would “reorganize its future operations with the aim to accelerate...
Sam Bankman-Fried’s stated goal of stopping a few insolvent crypto lenders from cascading into a failed string of dominoes is starting to look a lot more like bargain hunting. The billionaire founder of the FTX exchange had positioned himself as the industry’s lender of last...
December 26, 2022
Crypto lender Vauld has reportedly called off an acquisition by rival Nexo. “We were previously exploring a potential acquisition by Nexo as part of the proposed restructuring plan,” Vauld said in a private message on Twitter, published by Coinbase on Monday (Dec. 26). “To provide a very brief summary, our discussions with Nexo have unfortunately […]
July 05, 2022
Nexo, the cryptocurrency lender, said it plans to buy troubled fellow lender Vauld, showing how a consolidated crypto industry might look, Reuters wrote Tuesday (July 5). Nexo will be buying...
July 04, 2022
Digital asset investment firm CoinShares is acquiring Napoleon Asset Management, one of the first ever digital asset managers, CoinShares announced Monday (July 4). The purchase follows CoinShares’ acquisition of Napoleon...
July 04, 2022
Crypto lender Vauld, which is backed by both Coinbase and investor Peter Thiel, has suspended withdrawals, citing the crisis on the digital asset market, the Financial Times reported Monday (July...
